AUD/JPY – 30M – BUYThe currency pair breaks through the descending trendline up.
An ascent upwards to the next resistance line at 98.90500 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 98.02200 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.71800 |
| 2nd High | 99.16200 |
| Next High | 98.90500 |
| Current Price | 98.75000 |
| Next Low | 98.02200 |
| 2nd Low | 97.98100 |
| 3rd Low | 97.94100 |